Long-term care planning can involve traditional stand-alone coverage, annuity-based LTC riders, and hybrid or asset-based strategies. These approaches have different structures, eligibility processes, and tradeoffs.
Traditional long-term care insurance
Traditional LTC insurance is designed primarily around future care needs and commonly uses medical underwriting. Benefits, eligibility, and policy terms vary. Learn more about traditional long-term care insurance.
Annuity-based LTC riders
An annuity-based LTC rider is structurally different from traditional stand-alone LTC insurance. Some fixed index annuities include a long-term care rider that can be issued on a guaranteed-issue basis when the annuity’s suitability requirements and contract terms are met. Some of these products also offer optional underwriting, which may affect the benefit class and potential leverage. Learn more about annuities with long-term care benefits.
Hybrid and asset-based strategies
Hybrid approaches may combine potential care benefits with another financial purpose. Liquidity, legacy, benefits, eligibility, and contract terms should be compared carefully. Learn more about hybrid long-term care insurance.
Jilek Risk Group can explain how traditional coverage, guaranteed-issue rider features, and hybrid strategies differ, with consultations available by phone or video.
Compare before deciding
Explore our long-term care planning services and long-term care glossary for additional guidance.